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Re: renewal rent increase

Posted by TenantNet on January 29, 1999 at 05:07:37:

In Reply to: Re: renewal rent increase posted by lcutler on January 27, 1999 at 13:20:14:

: that is a huge increase. i was offered a 1 year renewal or a 2 year. the total increase for the one year was only 5% and a 2 year was the same 5% again for year 1 then 4% increase
: for year 2. you are being ripped off. check out the law on rental increase. she is definitely taking advantage of you. though you may not have a rent stabilized building, you
: are entitled to a lower increase since you have been living there a while and have established credit. you need to stand up for yourself or find a better landlord!!

SHe said she wasn't RS, so it's whatever the T and LL can negotiate. It's
not a matter of entitlement based on credit or duration. Occasionally we
hear of cases based on "rent gouging" -- not to be confused with statutory
rent regulation, and I think that goes back to a 1919 court decision
(OK lawyers, jump in here).

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